Analysts predict a decline in world soybean production
Soybean
Published Jan 18, 2022
Tridge summary
IGC analysts have lowered the forecast for world soybean production in 2021/22 MY by 12 million tons compared to November, to 368 million tons, according to Latifundist.com, citing an IGC report. "The net reduction in world supply is reflected in lower consumption forecasts - although it is still at a new high level - and stocks. To a large extent, the downward adjustment of stock expectations is related to the main exporters, namely Brazil and Argentina.
Original content
The volume of trade (October / September) is projected to be slightly lower than before, at 167 million tons (+ 4%), "the statement said. As higher yields in the United States offset potentially lower yields in the Southern Hemisphere, world soybean production in 2021/22 MY is expected to be several percent higher than last year at 368 million tons. Read on: The forecast of corn production for Ukraine has been raised to 42 million tons IGC analysts emphasized that with further growth in Asia and the three major countries, world consumption is reaching a new peak, with demand growing partly due to the limited supply of alternative varieties, namely rapeseed / canola. It is also forecast to reduce inventories by 6% compared to last season to 52 million ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.